After Revote, Rent Guidelines Board Considers Lower Range of Hikes on 2-Year Leases
New York City’s Rent Guidelines Board held a revote last week, opting to consider a slightly lower range of rent hikes for stabilized apartments with two-year leases starting this fall—what Board Chair Doug Apple said is in response to hearing public testimony “on the impact of potential rent increases on tenants whose incomes are not keeping pace with the rising cost of living.” A final vote will take place in the coming weeks.
It’s still far from the rent freeze housing advocates want. The rent board, whose members are appointed by the mayor, has voted to increase rents to some degree every year under Mayor Eric Adams, who took office in 2021 and is currently running for re-election amidst a crowded field of competitors, several of whom have vowed to freeze regulated rents if elected.
"Tenants are the majority in New York City," Cea Weaver, director of the NYS Tenant Bloc, said in a statement. "If Adams won’t freeze the rent, we have the power to elect a mayor who will."
